February 2, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was flat, VIX down 3%
- current level is resistance area
- holding above 8800 can see rally to 9000


NIFTY 15 min charts
- not showing 5 min charts as markets rangebound today
- 15 min charts show support around 8700
- below this expect some correction
- slower pace of correction means high chance of previous trend resuming


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